Quarterly ResultMay 15, 2026, 02:28 PM
GlobalTech Q1 Net Loss Widens to $4.03M; Revenue Jumps to $10.43M
AI Summary
GlobalTech Corp reported a significant widening of its net loss to $4.03 million for Q1 2026, compared to a $1.13 million loss in Q1 2025. Despite the increased loss, net revenue saw a substantial increase to $10.43 million from $4.34 million in the prior year. The company's operations were impacted by the acquisition of 123 Investments Limited in December 2025, which contributed to higher operating costs.
Key Highlights
- Net loss widened to $4.03 million in Q1 2026 from $1.13 million in Q1 2025.
- Net revenue increased to $10.43 million in Q1 2026, up from $4.34 million in Q1 2025.
- Operating loss grew to $3.25 million in Q1 2026, compared to $0.94 million in Q1 2025.
- Loss per common share was $(0.014) in Q1 2026, compared to $(0.004) in Q1 2025.
- Total assets decreased to $100.76 million as of March 31, 2026, from $103.15 million at December 31, 2025.
- Net cash used in operating activities improved to $(0.31) million in Q1 2026 from $(0.97) million in Q1 2025.
- Issued $704,000 in common stock during Q1 2026.
- Acquired 123 Investments Limited in December 2025, impacting current period financials.
Price Impact
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